Citigroup Lowers TFI International (NYSE:TFII) Price Target to $130.00

TFI International (NYSE:TFII) had its price objective lowered by Citigroup from $162.00 to $130.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective would suggest a potential upside of 43.62% from the stock’s previous close.

A number of other research firms have also issued reports on TFII. CIBC reduced their price target on shares of TFI International from $160.00 to $141.00 and set an “outperformer” rating for the company in a research report on Friday. UBS Group cut shares of TFI International from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $163.00 to $107.00 in a report on Friday. Veritas lowered shares of TFI International from a “strong-buy” rating to a “hold” rating in a report on Friday. The Goldman Sachs Group cut their price target on TFI International from $176.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Stifel Nicolaus decreased their price objective on TFI International from $147.00 to $120.00 and set a “hold” rating for the company in a report on Friday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $154.21.

TFI International Stock Performance

Shares of TFII stock opened at $90.52 on Tuesday. The business has a fifty day moving average of $132.33 and a 200 day moving average of $139.80. TFI International has a 1 year low of $88.76 and a 1 year high of $162.13. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 0.96. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 1.11 and a beta of 1.57.

TFI International (NYSE:TFII) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.40). TFI International had a net margin of 5.08% and a return on equity of 18.40%. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.54 billion. As a group, research analysts expect that TFI International will post 7.76 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Entropy Technologies LP acquired a new position in TFI International during the third quarter worth $643,000. Plato Investment Management Ltd acquired a new position in shares of TFI International during the 3rd quarter worth about $134,000. Quantbot Technologies LP lifted its stake in TFI International by 295.1% in the 3rd quarter. Quantbot Technologies LP now owns 21,484 shares of the company’s stock valued at $2,941,000 after buying an additional 16,047 shares in the last quarter. iA Global Asset Management Inc. boosted its holdings in TFI International by 1,894.5% in the 3rd quarter. iA Global Asset Management Inc. now owns 32,910 shares of the company’s stock worth $4,505,000 after buying an additional 31,260 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in TFI International during the 3rd quarter worth approximately $2,373,000. Hedge funds and other institutional investors own 73.30% of the company’s stock.

TFI International Company Profile

TFI International Inc, together with its subsidiaries, provides transportation and logistics services in the United States and Canada. The company operates through Package and Courier, Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments. The Package and Courier segment engages in the pickup, transport, and delivery of items in North America.